This announcement is for information purposes only and does not constitute an invitation or offer to acquire, purchase or subscribe for
securities. This announcement is not, and is not intended to be, an offer of securities of KWG Property Holding Limited (the ‘‘Company’’) for
sale in the United States. Securities of the Company may not be offered or sold in the United States absent registration or an exemption from
registration under the United States Securities Act of 1933, as amended. This announcement is made pursuant to the requirement under Section
9(2) of the Securities and Futures (Price Stabilizing) Rules (Chapter 571W of the Laws of Hong Kong).

Unless otherwise defined in this announcement, terms defined in the prospectus dated 18 June 2007 (the ‘‘Prospectus’’) issued by the Company
have the same meanings when used in this announcement.
KWG PROPERTY HOLDING LIMITED

(Incorporated in the Cayman Islands with limited liability)
(Stock code: 1813)
STABILISING ACTION AND END OF STABILISATION PERIOD
SUMMARY

. The Company announces that the stabilisation period in connection with the Global Offering ended
on 22 July 2007.
. The only stabilising action undertaken during the stabilisation periodwastheexerciseinfullofthe
Over-allotment Option referred to in the Prospectus in respect of 93,750,000 additional Shares at
the Offer Price of HK$7.28 per Share on 9 July 2007, solely to cover over-allocations of 93,750,000
Shares in the International Offering.
The Company makes this announcement pursuant to Section 9(2) of the Securities and Futures (Price
Stabilizing) Rules (Cap. 571W of the Laws of Hong Kong) and announces that the stabilisation period in
connectionwiththeGlobalOfferingendedon22July 2007. During the stabilisation period, the only
stabilising action undertaken was the exercise in full by Morgan Stanley Asia Limited on behalf of the
International Underwriters on 9 July 2007 of the Over-allotment Option referred to in the Prospectus,
solely to cover over-allocations of 93,750,000 Shares in the International Offering. Pursuant to the exercise
of the Over-allotment Option, the Company allotted and issued 93,750,000 additional Shares, representing
approximately 15% of the initial Offer Shares, at the Offer Price of HK$7.28 per Share (excluding
brokerage of 1%, SFC transaction levy of 0.004% and Hong Kong Stock Exchange trading fee of 0.005%).
The details of the exercise of the Over-allotment Option are more particularly described in the Company’s
announcement of 9 July 2007.
By order of the Board
KWG Property Holding Limited
Kong Jian Min
Chairman
Hong Kong, 23 July 2007
As at the date of this announcement, the executive Directors are Mr. Kong Jian Min (Chairman), Mr. Kong Jian Tao, Mr. Kong Jian Nan and
Mr. Li Jian Ming, and the independent non-executive Directors are Mr. Lee Ka Sze, Carmelo, Mr. Dai Feng, and Mr. Tam Chun Fai.